Wednesday , July 29, 2026 |   00:57:27 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
I-T - If tax department has historically granted lower withholding tax certificates based on uncontested history of financial losses, competent authority cannot suddenly impose higher rate: HC (See Breaking News) I-T - For eligible assessee covered by Sec 144C, final assessment order must still be passed within outer limitation prescribed u/s 153 r/w/s 144C: ITAT (See Breaking News) INTL - A literal interpretation of Section 9(1)(i) applies only when capital asset explicitly situated in India is transferred; this legal fiction cannot be stretched to cover indirect transfers of foreign shares: ITAT (See Breaking News) I-T - Remittance of part of earmarked foreign grant by a Sec 12A-registered charitable society to University of Texas for collaborative research project cannot be disallowed as application of income outside India: ITAT (See Breaking News) TP - If BAPA fixes arm's length operating margin for IT and ITES transactions with covered US-based AEs, and transaction with uncovered non-US AE is undisputedly identical on FAR analysis, same BAPA margin can be adopted for uncovered AE as well: ITAT (See Breaking News) I-T - For determining limitation in DRP cases, Sec 144C & Sec 153 must be read together: ITAT (See Breaking News) Rethinking Royalty in the Digital Age - What AWS and Salesforce Judgments Mean (See TII SPECIAL) TP - Unsupported website extracts or third-party database information can override disclosures made in audited financial statements: ITAT (See Breaking News) TP - Notional interest cannot be separately added on delayed AE receivables if TNMM benchmarking with working capital adjustment is already accepted: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

EIF delves deep into trade priorities for LDCs
By TII News Service
May 05, 2021 , Geneva

    

THE Enhanced Integrated Framework (EIF) on Tuesday released policy briefs on tourism, apparel and sustainable development strategies, recommending actions to boost the participation of Least Developed Countries (LDCs) in global trade. A major focus is on the impact of the COVID-19 crisis and governments' policy responses.

Using case studies from various countries, including Cambodia, Madagascar, Lesotho and Zambia, as models, the briefs offer an overview of critical trade topics and recommend measures that LDCs could take at both the policy and institutional levels to improve trading opportunities.

A brief looks at integrating trade into sustainable development strategies using Cambodia as an example of reducing poverty and achieving its development objectives. International trade and investment have played a major role in the country sustaining an average growth rate of 7.9 per cent from 1997-2017. The country saw success mainstreaming trade by strategically directing the process, investing in its human capacity and fostering stakeholder dialogues and consultations across government institutions.

The goal of integrating trade in a country’s development planning is to improve livelihoods. But there also needs to be evidence that international trade is contributing to doing so – something that needs to be part of the work of trade mainstreaming, the brief notes.

The second brief looks at LDCs who have seen success using tourism to support recovery from the COVID-19 pandemic. The tourism sectors must be rebuilt with sustainability in mind, says the brief. Community and nature-based tourism look promising in that respect. The Sierra Leone government has been aiming to capitalise on the country’s natural and cultural resources to attract tourists and promote community development.

A sustainable tourism development project that started in 2020, coordinated by EIF with Sierra Leone’s National Tourism Board and Tourism Ministry, is tackling key constraints and working to increase the nation’s presence as an attractive tourism destination on the international market.

The third brief looks at strengthening value chains in the clothing sector for LDCs aiming for export-oriented industrialisation as the global fashion industry recovers and evolves from the pandemic. Government support and a conducive policy environment are necessary, as are enabling investment frameworks. Strengthened relationships between buyers and suppliers help build resilience, and this includes greater transparency in the supply chain so as to reduce power imbalances.

Finally, social and environmental industry standards should take centrestage in the recovery, to ensure garment factory workers earn a living wage and have workplace protections in place.

The briefs draw from LDC governments, EIF and partner experience working to support trade across a vast landscape. Armed with examples and evidence of what has worked and what has not, together with strong support from international institutions, it comes up with a variety of short- to long-term actions which makes trade development in LDCs possible.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.